As of Thursday close, Baker Hughes Company’s (NASDAQ:BKR) stock was up $0.14, moving up 0.39 percent to $36.19. The average number of shares traded per day over the past five days has been 6,131,620 shares. 3 times new highs have been achieved over the past 5 days, with a $0.96 gain in that time frame. In the last twenty days, the average volume was 5,220,300, while in the previous 50 days, it was 6,721,202.
Since last month, BKR stock rose 1.77%. Shares of the company fell to $34.53 on 08/18/23, the lowest level in the past month. A 52-week high of $36.48 was reached on 08/09/23 after having rallying from a 52-week low of $20.42. Since the beginning of this year, BKR’s stock price has risen by 22.55% or $6.66, and marked a new high 21 times. However, the stock has declined by -0.79% since its 52-week high.
BKR stock investors should be aware that Baker Hughes Company (BKR) stock had its last reported insider trading activity 8 days ago on Aug 24. Jones Regina, the Chief Legal Officer of the company, disposed of 10,000 shares for $35.19 on Aug 24. It resulted in a $351,900 divestment by the insider. Simonelli Lorenzo sold 122,500 shares at an average price of $34.80 on Aug 08. The insider now owns 467,438 shares following the transaction. On Aug 01, Chairman, President and CEO Simonelli Lorenzo sold 122,500 shares at $35.49 apiece. The transaction was valued at $4,347,525.
Valuation Metrics
Right now, Baker Hughes Company (BKR) has a P/E ratio of about 31.89. The stock’s beta is 1.51. Besides these, the trailing price-to-sales (P/S) ratio of 1.56, the price-to-book (PB) ratio of 2.42, and the price-to-cash flow ratio of 20.99 may also be considered.
The latest dividend of $0.20 per share was paid out, which is 5.26% more than last year’s $0.19. On Thursday July 27 2023, a $0.01 dividend increase was announced.
Financial Health
In the recent quarter, Baker Hughes Company’s quick ratio stood at 0.90, while its current ratio was 1.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.39, and the total debt-to-equity ratio was 0.44. On the profitability front, the trailing twelve-month gross margin is 21.30% percent. In the recent year, EBITDA margin amounted to 13.78%, whereas operating margins totaled 8.00%. Based on annual data, BKR earned $4.4 billion in gross profit and brought in $21.16 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.60%. Return on equity (ROE) for the past 12 months was 7.90%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BKR’s revenue rose 20.08% to $5.72 billion during the quarter, while net income inched up to $6.32 billion. During the quarter, the company generated $790.0 million in EBITDA. The liabilities of Baker Hughes Company were 20.83 billion at the end of its most recent quarter, and its total debt was $6.71 billion. The value of shareholders’ equity is $1.01 billion.
Technical Picture
This quick technical analysis looks at Baker Hughes Company’s (BKR) price momentum. With a historical volatility rate of 10.54%, the RSI 9-day stood at 67.56% on 31 August.
With respect to its five-day moving average, the current Baker Hughes Company price is up by +2.72% percent or $0.96. At present, BKR shares trade +1.51% above its 20-day simple moving average and +25.53% percent above its 100-day simple moving average. However, the stock is currently trading approximately +18.69% above its SMA50 and +16.67% above its SMA200.
Stochastic coefficient K was 85.17% and Stochastic coefficient D was 78.45%, while ATR was 0.64. Given the Stochastic reading of 87.60% for the 14-day period, the RSI (14) reading has been calculated as 64.52%. As of today, the MACD Oscillator reading stands at 0.49, while the 14-day reading stands at 0.67.
Analyst Ratings
Baker Hughes Company (BKR) has been rated Overweight by analysts. According to 0 brokerage firms, BKR is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Baker Hughes Company stock as buy, with 19 recommending it as overweight.
With a median target price of $40.00, the current consensus forecast for the stock is $30.00 – $44.00. Based on these forecasts, analysts predict Baker Hughes Company (BKR) will achieve an average price target of $39.88.
